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. this has huge political implications as it comes after first lady michelle obama speaks to the dnc. there is a huge economic warning signal being made here. number one, $16 trillion worth of debt which means we owe more than our economy produces in any one year. our debt is bigger than our economy. secondly, we're now going to be paying close to $10 billion a week in interest alone. about a half trillion a year. 10 billion a week. up from nine billion last year. and about a quarter of that interest will be paid to foreigners. it will go out of the country. japan, china, britain, they're the three major holders of our debt. they all get about a quarter of all of this interest that is flowing and it will flow out of the country. so political impact, and a big economic danger signal too, martha. martha: we know, it was a huge focus of the rnc last week in tampa. big debt clock that loomed over the proceedings there. you simply don't hear much though about the debt from president obama. do you expect we'll hear hear anything about it at all this week? >> very little because it is a big
-election. michelle obama did as bill clinton and former michigan governor, jennifer granholm. this president is using socialist euphemisms, fair share, fair shot, dividing america, not using hope and change rhetoric he was so powerful for using four years before and able to get elected by such a wide march begin then. this is frustrating true believers the dowds of the left really are. whatever they may have felt four years ago they have been backing this president up every turn. >> she was never a true wleefr. martha: let me interject here. in the ericson piece written by one of his reporters at red state he talks about whether or not the president is relevant. goes to issues showing up in this maureen dowd piece which is whether or not he was one making the change that he was seeking. and when you look at bob woodward's book it gives a couple of examples that time nancy pelosi was talking to him about the budget. according to woodward's reporting she put the president on mute so that the people in the room could continue their conversation while he was espousing something. she says that is not true
Search Results 0 to 3 of about 4 (some duplicates have been removed)

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